Page 188 - F1 Integrated Workbook STUDENT 2018

Chapter 11

IAS 38 – Intangible assets

2.1 Overview

By definition from IAS 38 Intangible Assets, an intangible asset is 'an identifiable non-
monetary asset without physical substance. An asset is identifiable if it is both

 separable and

 arrives from contractual or other legal rights (IAS 38, para 12)

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